China Wind Systems, presently incorporated as Malex, Inc. announced it has completed the construction of a major manufacturing facility in Wuxi City, China.
The new facility will be used exclusively to manufacture high precision rolled rings and other critical components for use in the wind power industry. The new manufacturing facility measures 107,639 square feet and its initial construction was completed in August 2007. A significant portion of the US$ 4 million raised by China Wind Systems in November 2007 through a private placement led by Barron Partners, LP will be used in the company's initial expansion phase. In the initial phase, China Wind Systems will focus on producing rolled rings that measure up to 5 meters in diameter as well as other wind turbine components such as yaw bearings, shafts and rotor blades.
